The Krehbiel Family Foundation is a private independent foundation based in Chicago, Illinois, established in 2003 as a successor to the original Krehbiel Family Foundation. The organization holds 501(c)(3) tax-exempt status and operates as a grantmaking foundation supporting philanthropic initiatives across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.8M
+0.7% YoY
Annual Giving
$869K
-30.1% YoY
Grant Count
49
+16.7% YoY
Avg Grant Size
$18K
-40.1% YoY
Mission & Focus Areas
The foundation supports diverse initiatives without specifying particular subject areas of focus, indicating a broad philanthropic scope. Primary funding areas include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
Grantmaking
The foundation funds initiatives across multiple U.S. cities and states, including Ann Arbor, Arlington, Boston, Boulder, and others, with significant presence in Illinois, New York, and the District of Columbia.
Grant Range
$127
Average Grant
$127
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Geographic Focus
Where this funder awards grants
The foundation's geographic funding distribution includes California, Colorado, District of Columbia, Illinois, Massachusetts, Minnesota, New York, Ohio, Pennsylvania, Rhode Island, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $15.8M
- Total revenue: $595,000
- Total expenses: $1.31M
- Total liabilities: $15,000
- Expense ratio: 28.7% of total revenue spent on programs
Assets & Revenue (2023):
- Total assets: $15.7M (representing a 2.6% increase from previous year)
- Total revenue: $5.5M
- Total expenses: $1.58M
Historical Assets:
- 2022: $12.4M
- Earlier data: $10.1M
The foundation maintains a strong financial position with substantial assets relative to annual giving levels.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,782,041 | $15,667,047 | $12,419,084 |
| Revenue | $594,893 | $5,495,923 | $2,388,527 |
| Expenses | $1,310,998 | $1,578,442 | $1,162,311 |
| Qualifying Distributions | $869,092 | $1,243,853 | $965,873 |
| Net Investment Income | — | $158,044 | $1,213,589 |
| Distributable Amount | $783,599 | $780,478 | $629,428 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
156 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Margaret Krehbiel — President
- William V Krehbiel — Executive Director
- John H Krehbiel III — Executive Director
- Jay F Krehbiel — Vice President and Treasurer
All key personnel work voluntarily without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William V Krehbiel | Executive Dir. | 1 | — |
| Jay F Krehbiel | VP/Treasurer | 1 | — |
| Margaret Krehbiel | President | 1 | — |
| John H Krehbiel III | Executive Dir. | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation is open to new applicants, with approximately 12% of new applicants receiving funding. The organization continues active grantmaking operations with regular annual distributions to support education, human services, and philanthropic initiatives across the United States.
Alzheimer''s Drug Discovery Foundation: 2024 Annual ReportSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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